• Ecolab average price/book ratio for 2024 was 8.18, a 24.32% increase from 2023.
• Ecolab average price/book ratio for 2023 was 6.58, a 8.94% increase from 2022.
• Ecolab average price/book ratio for 2022 was 6.04, a 30.97% increase from 2021.

Price/book ratio can be defined as